
Financial
Strength and
Stability
Serving professionals in the industrial and service sector since 1956, KAR has
been profitable every year since becoming incorporated in 1983. KAR
reinvests those profits into equipment, facilities and long-term
growth. There are no contingent liabilities or lawsuits pending or
anticipated, nor has KAR ever been named as a defendant in any litigation.
General liability, and all facilities and equipment, are fully insured at replacement
cost with an A.M. Best "A++ rated" carrier, and professional
liability insurance is maintained with an A.M. Best "A rated"
carrier. KAR is one of the few laboratories doing environmental testing that has not undergone
forced mergers, sell offs, bankruptcy, or a large drop in revenue and profitability.
In 1994 KAR experienced its sole layoff affecting more than one employee,
with job reinstatement of the three employees within two months. Part of this outstanding stability is
a result of corporate bylaws requiring company ownership by full-time employees
(who also
happen to be both laboratory experts
and professional chemists). KAR's exceptional stability as demonstrated by
a half-century of
dependable performance and a consistent, qualified staff assure that high quality data will
be uninterrupted, now and in the future.
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